Carrefour Confirms Negotiations to Purchase Makro Assets

Despite the market expectation that the deal would be signed later this week, the company said that there is no "guarantee that the transaction will be completed".

RIO DE JANEIRO, BRAZIL - Carrefour released a statement on Monday, February 10th, confirming negotiations with Makro's controllers for a potential acquisition of real estate assets and accessories. According to the statement, the operation does not include the acquisition of Makro's subsidiary nor of all operations in Brazil.

Despite market expectations that the agreement would be signed later this week, the company said that "the negotiations have intensified in recent days," but there is no "guarantee that the operation will be concluded". It further says that the figures mentioned in a news piece are "substantially higher than the maximum . . .

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